A business background prepares one to deal efficiently and effectively with everyday problems.
someone who discovers a business idea may be using an ideal business model, but the one he faces is certainly different. the ideal model can be a temporary reference and then adapt it to the conditions it faces.
A business model is a company's plan for making a profit. business model that is developed by one firm may not be application for another firm even it may not be reliable for the same firm over a period of time due to its dynamic characteristics. so one have to continuously explore the mean of model fitness keeping the environmental condition into consideration.
More precision is needed in the question.
- To which sub-field of business do you refer? Banking? Industry? Retail? Etc? By "business background" do you mean training? Experience? Entrepreurship? Employment? How many years of "background" are you talking about?
- And you should probably compare a business background to other fields such as engineering, farming, motherhood, etc.
- And then consider what backgrounds UNfit a person for dealing with everyday problems.
Candra Taufik ,
Thank you for your very intelligent response. I agree with you that a good way to begin is to hypothesize an "ideal model" and then test it by applying it to various situations as they arise. In America, there is a commonplace saying under different sorts of situations, "Mind your own business," which is not really to be taken literally. Yet, the implication is that the way a person conducts his own life is in some way(s), similar to the way a businessman runs his business! Best regards and wishes for a prosperous new year in 2020!
Dhani Shanker Chaubey ,
Thank you for your precise reply, which extends the response given by Candra Taufik. You both emphasize the importance of formulating a good model, whether in business or in life. Your answer indicates one of the many reasons I posted my question, which is based on the fact that life is not always predictable. In the business world, a company has to be strategically positioned in order to be successful, especially in a dynamic market place that changes frequently, if not on a daily basis. Life can be even more unpredictable and, at the same time, somewhat more flexible, like start-up company managements have to be. Best wishes for a prosperous new year!
Christopher C Kelly ,
For the record, I duly note your reply, as follows:
Chris Kelly added a reply 2 hours ago [December 17, 2019]
More precision is needed in the question.
- To which sub-field of business do you refer? Banking? Industry? Retail? Etc? By "business background" do you mean training? Experience? Entrepreurship? Employment? How many years of "background" are you talking about?
- And you should probably compare a business background to other fields such as engineering, farming, motherhood, etc.
- And then consider what backgrounds UNfit a person for dealing with everyday problems.
Receipt
I agree with this statement. This is why the existence of good and applicable management theories cannot be overemphasized which also show the importance of periodic documentation of today's manager's experience(s)
Totally agree, if the model they apply is the adequate one for the context they face, either in business or in life in general.
in my field, this is a strange question...we see so called successful businessmen like our president, who didn't pay his bills, who declared bankruptcy several times, who doesn't understand government structures or constraints, has no idea of or value of democracy, who apparently thinks extortion is not a crime, or even blameworthy, hard to see how his business training is helpful, in everyday or unusual situations. Yes, there are some business like functions at city hall or at the county level, collecting taxes and fees, accounting for revenues and expenditures, but even there, the differences are so striking one wonders about the utility of the model. Businesses can rebudget at will, depending on the circumstances, the idea of predicting revenues for 18 months ahead and sticking to that estimate, more or less, doesn't exist in business; tax limits? there is no analog in business; transparency? the idea is the opposite in business, and when business impinges on city hall the result is more secrecy at city hall, lest some trade secret be made public. Being a bit ornery, I would argue that not only is business training not useful in the public sector, it is actually harmful. you may not have been thinking of its applicability in the public sector, but from where I stand, that model has been abused, even in accounting, where accounting concepts for business are adopted in the public sector where they may make little sense.
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